Welcome to our dedicated page for RBB news (Ticker: RBB), a resource for investors and traders seeking the latest updates and insights on RBB stock.
RBB Bancorp (NASDAQ: RBB) is a community-based financial holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank and RBB Asset Management Company. Its news flow centers on commercial banking activities, capital management decisions, and performance updates for its multi-state franchise serving predominantly Asian-centric communities.
On this page, readers can follow company-issued announcements such as quarterly and annual earnings releases, where RBB Bancorp discusses net income, net interest margin, credit quality metrics, loan and deposit trends, and other key financial measures. The company also uses news releases to provide details about its conference calls and webcasts, including dial-in information and access to investor presentation materials.
RBB Bancorp’s news coverage includes dividend declarations, outlining quarterly cash dividends on its common stock and the associated record and payment dates. The company has also announced stock repurchase plans authorized by its board of directors, describing the size of the program, the permitted methods of repurchase, and the potential factors that could affect timing and volume.
Because RBB Bancorp operates Royal Business Bank, a full-service commercial bank focused on Asian-centric communities in California, Nevada, New York, New Jersey, Illinois, and Hawaii, its updates often reference community-based banking activities, loan portfolio developments, and deposit trends in these markets. Press releases may also highlight changes in nonperforming assets, special mention and substandard loans, and provisions for credit losses, providing insight into the company’s credit risk profile.
Investors and observers can use this news page to review RBB Bancorp’s official communications over time, including earnings announcements, dividend and capital actions, and other material events the company reports through GlobeNewswire and related channels.
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RBB Bancorp (NASDAQ:RBB) reported a net income of $11.0 million, or $0.58 diluted earnings per share, for Q1 2023, down from $17.6 million ($0.92 per share) in Q4 2022. The decline was attributed to increased legal and professional expenses. Deposits rose by $58.5 million (8.7% annualized), showcasing strong customer loyalty, while net interest income declined to $34.1 million due to rising interest expenses on time deposits. The company’s liquidity remains robust with a strong capital position. Nonperforming assets increased to $27.0 million, representing 0.66% of total assets, indicating a slight deterioration in asset quality. Management is restructuring to target a loan-to-deposit ratio below 100% by mid-2023. Additionally, a $0.16 cash dividend was declared, payable on May 12, 2023.
RBB Bancorp (NASDAQ:RBB) announced the appointment of Robert Franko and Scott Polakoff to its Board of Directors, effective April 20, 2023. Franko brings over 35 years of commercial banking experience, previously serving as President & CEO of First Choice Bancorp, sold to Enterprise Financial Services Corp (NASDAQ:EFSC) in July 2021. Polakoff has extensive regulatory experience, having been with the FDIC for 22 years and now serving as Executive Vice President at FinPro, Inc. Chairman Dr. James Kao expressed confidence in their ability to enhance shareholder value through their industry expertise. RBB Bancorp, a community-based financial holding company, had total assets of $3.9 billion as of December 31, 2022, serving Chinese-American communities across several states.
RBB Bancorp has declared a quarterly cash dividend of $0.16 per share, set to be paid on May 12, 2023 to shareholders of record as of May 1, 2023. The company, headquartered in Los Angeles, California, reported total assets of $3.9 billion as of December 31, 2022. RBB Bancorp operates through its primary subsidiary, Royal Business Bank, which provides comprehensive banking services to Chinese-American communities across several regions including California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ: RBB) plans to announce its first quarter financial results for 2023 on April 24, 2023, after market close. A conference call will be held on April 25, 2023, at 11:00 AM PT to discuss these results. Interested parties can access the call by dialing 1-888-506-0062 or through a live webcast available on the company's website. RBB Bancorp operates as a community-based financial holding company with total assets amounting to $3.9 billion as of December 31, 2022. Its main subsidiary, Royal Business Bank, offers a full range of banking services primarily to Chinese-American communities across multiple locations in California, Nevada, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ: RBB) announced it received a notice from NASDAQ on April 3, 2023 regarding non-compliance with periodic filing requirements due to the Annual Report on Form 10-K for the year ended December 31, 2022 not being filed by the March 31, 2023 deadline. The Company filed the Form 10-K on April 7, 2023. The NASDAQ notice does not have an immediate impact on the trading of RBB shares, although further delays could affect compliance status. RBB Bancorp is based in Los Angeles, California, with total assets of $3.9 billion as of December 31, 2022. The Company provides business banking services primarily to the Chinese-American communities across several U.S. states.
RBB Bancorp (NASDAQ: RBB) announced the appointment of Alex Ko as Executive Vice President and Chief Financial Officer, effective March 1, 2023. Ko previously served as CFO at Hope Bancorp, managing a bank with $19.2 billion in assets. David Morris, President and CEO, expressed enthusiasm about Ko's expertise contributing to RBB's growth. RBB Bancorp, headquartered in Los Angeles, has total assets of $3.9 billion as of December 31, 2022, providing various banking services primarily to Chinese-American communities across multiple locations, including California, New York, New Jersey, Illinois, and Hawaii.
RBB Bancorp (NASDAQ:RBB) reported a record net income of $17.6 million, or $0.92 diluted earnings per share for Q4 2022, marking an 11.9% increase year-over-year. Loans rose by $114.4 million, or 14.1% annualized. Noninterest income decreased to $2.4 million, while noninterest expenses fell to $13.1 million. The company declared a $0.16 per share dividend. Despite these achievements, management noted ongoing pressures from rising deposit costs due to market forces. The company has concluded internal investigations and made organizational changes aimed at improvement.
RBB Bancorp has declared a quarterly cash dividend of $0.16 per share, payable on February 10, 2023 to shareholders of record as of January 30, 2023. As of September 30, 2022, RBB Bancorp held total assets of $4.0 billion. The company operates through its wholly-owned subsidiary, Royal Business Bank, serving primarily the Chinese-American communities across several regions in California, New York, New Jersey, Illinois, and Hawaii. This dividend announcement reflects the firm's commitment to returning value to its shareholders amidst a stable asset base.
RBB Bancorp (NASDAQ: RBB) will release its fourth-quarter financial results for the period ending December 31, 2022, on January 23, 2023, post-market. A conference call to discuss these results is scheduled for January 24, 2023, at 11:00 a.m. Pacific Time. Interested participants can join by dialing 1-888-506-0062 or listen via the live webcast on the Company's website. RBB Bancorp, headquartered in Los Angeles, California, reported total assets of $4.0 billion as of September 30, 2022, and operates through its subsidiary, Royal Business Bank, providing various financial services primarily to the Chinese-American communities across multiple states.